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Global Market Insights, Inc. has launched a report on Synthetic Paper Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.Global Synthetic Paper Market size is projected to surpass 210 kilo tons by end of 2023 and record CAGR of about 6.2% during forecast timeline. The industry is projected to touch revenue of $410.11 million during forecast timeframe.
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Growth drivers are
1. Increased demand for environmentally friendly products
2. Growing label and packaging industry
3. Increased adoption of folding cartons and blister packaging
Heavy concerns among environmental protecting organizations against deforestation can result in high use of synthetic paper as it does not contain wood pulp and conserves natural resources. All these factors are predicted to contribute towards growth of synthetic paper industry.
Global paper consumption has increased significantly in past few years and approximately about 35.1% of harvested trees are utilized for paper production. Its biodegradable nature and sustainable output are main growth factors promoting global synthetic paper market trends.
Crude costs substantially affect product demand and current low crude cost has led to steady synthetic paper market price. However, the industry is projected to recover from 2017 as it could experience an upswing in industry prices.
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The global synthetic paper market is segmented into a label and non-label applications. Use of synthetic paper for label applications is growing and projected to touch 80 kilo-tons by end of forecast timeline. Its key uses are shrink labels, wraparound labels, stack labels and in-mold labels.
Non-label applications are extensively used in industry and it contributed about 62.1% of global industry demand for 2015. They are used in charts, graphics, banners, print media and maps.
Asia-Pacific has led the global industry as the region is the biggest exporter in the world and has largest packing industry globally. It is projected to record CAGR of 7.4% and touch revenue of $162 million by end of forecast timeline. China and India synthetic paper market share has dominated the Asia-Pacific industry. The growth of Asia Pacific region can be credited to heavy demand across end-use sectors like food & beverages, cosmetics and chemicals. This is due to lifestyle changes, consciousness, demographic trends and standardization. The industry is projected to record a CAGR of 6.9% during forecast timeline. North American industry is projected to contribute towards 45.81 kilo-tons by end of forecast timeline with non-label applications predicted to contribute for more than 60.1% of total size.
Partial Chapter of the Table of Content:
Chapter 2 Executive Summary
2.1 Synthetic paper industry 360° synopsis, 2012 - 2023
Chapter 3 Synthetic Paper Industry Insights
3.1 Industry Segmentation
3.2 Industry Size and forecast
3.3 Industry ecosystem analysis
3.4 Industry Impact forces
3.4.1 Growth drivers
3.4.1.1 Increased demand for environmentally friendly products
3.4.1.2 Growing label and packaging industry
3.4.1.3 Increased adoption of folding cartons and blister packaging
3.4.2 Industry pitfalls & challenges
3.4.2.1 Fluctuating raw material prices
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 PESTEL analysis
3.8 Company market share analysis, 2015
Chapter 4 Synthetic Paper Product Insights
4.1 Synthetic paper market volume share by product, 2015 & 2023
4.2 Biaxially Oriented Polypropylene (BOPP)
4.2.1 Market estimates and forecast, 2012 - 2023, (Kilo Tons) (USD Million)
4.2.2 Market estimates and forecast, by region, 2012 - 2023, (Kilo Tons) (USD Million)
4.3 High Density Polyethylene (HDPE)
4.3.1 Market estimates and forecast, 2012 - 2023, (Kilo Tons) (USD Million)
4.3.2 Market estimates and forecast, by region, 2012 - 2023, (Kilo Tons) (USD Million)
4.4 Others
4.4.1 Market estimates and forecast, 2012 - 2023, (Kilo Tons) (USD Million)
4.4.2 Market estimates and forecast, by region, 2012 - 2023, (Kilo Tons) (USD Million)
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Key industry participants profiled in the report include Hop Industries Corporation, UltraClear, American Profol Incorporation, DuPont, PPG Industries, Nan Ya Plastics Corporation, Yupo corporation, Neenah Paper, Octopus, Avery Dennison, Taghleef Industries and Arjobex.
Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/synthetic-paper-market-report
Release ID: 88906840